New Delhi: State-run Steel Authority of India (SAIL) on Tuesday paid Rs 425.36 crore as interim dividend to the government for its 85.82 percent holding in the steel maker.

"SAIL paid an interim dividend to the Government of India amounting to Rs 425.36 crore. The total interim dividend paid by SAIL comes to Rs 495.65 crore for the year 2011-12," the company said in a release.

SAIL, in which the government plans to sell 10 percent of its stake through a follow-on public offer, is investing Rs 72,000 crore to raise its hot metal capacity from 14.6 million tonnes per year (mtpa) to 23.4 mtpa.